Deciphera Pharma has been Added to the @TradeIdeas HOLLY Hot List

June 14, 2018

Deciphera came public last fall, first trading around $20 per share. It then printed a high near $30 in February but has spent the rest of this winter and spring forming a base. Until last week…

$DCPH had a massive breakout Monday of last week signaling to the crowd that something is afoot. It has since spent the last 8 trading days forming a high flag, consolidating this breakout, during which time HOLLY sniffed an opportunity to participate on the next leg up. If our recent entry in $USAT is any indication, this is a pattern worth paying attention to. As such, we’re getting in here.

We added at today’s opening print of $38.35 and we’ll be holding this name in the HOLLY Hot List until such time we experience a 20% pullback from the highs. Size accordingly.

HOLLY Hot List update

Stocks continue to perform for us. It’s been a while since we’ve been stopped out of a position, which alone is a pretty powerful indicator that this bull market has plenty of juice left. Over the past 5 trading days, the biggest gainers for us have been $FIVE (+29%) $NTNX (+11%) and $TDOC (+10%). Meanwhile, our laggards have been $CEIX (-8%) $HFC (-7%) and $VRS (-6%). Buy the dip?

Prices as of close of trading on June 13, 2018


If you’d like to learn how HOLLY, the Artificially Intelligent Virtual Analyst, can improve your trading and investing results, please visit Trade Ideas.

Good luck out there!

~ Sean McLaughlin (@chicagosean)